快手-W2024年中期报告

2024 2 4 8 14 32 56 57 58 59 61 63 64 103 22 PO Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands 16 3485 96 55 520100020 0102481024 1826 www.kuaishou.com 2920 183171712–1716 Maples Fund Services (Cayman) LimitedPO Box 1093Boundary Hall, Cricket SquareGrand Cayman, KY1-1102Cayman Islands (2)EBITDA (1) 202414.0%60481AI 2024AI202411.6%310202455%4715.1% AIAI2024AIAIAI20242AI2024AIGC2,000 20243.956.925.1%2.7%1229.5% ROI 202413.55.264AIAIGC25,000 20242024520% 202422.1%175 2024202422024UniversalAuto X (UAX)UAX30% 202440%202460%3C202420 2024GMV15%3,053202414.1%1.3118.9% 202450%AI618GMV83% 2024GMVGMV25%61865%202450%70%2024GMV80%GMV202470% 20246.7%93202450%60% ++ +2024130%150%9 2024ROI15.4%2024805% 202411141.4%200%20242.7764.5% AI2024AI 20242023 20242023 202327711.6%2024310 20242023 202314322.1%2024175 20231006.7%202493 20233421.3%202442GMVGMV 20242023 (1)16— 20242023138 20242023 202313923.0%2024171202350.2%202455.3% 20238616.3%2024100202331.1%202432.4% 202394516.2%2024792 20233211.1%202428 2023113202434 2024374202315 20243912.6%2023134.7% 20242023 2023302024459.5% 20237802024277 2024662023158 202420231918 202440202314 27202345 202440202315 20242024 2024 20242945.3%2024310 2024 20241675.2%2024175 2024868.5%202493 202442 2024 (1)16— 20241334.2%2024138 2024 20241616.3%2024171202454.8%202455.3% 2024947.0%2024100202431.9%202432.4% 202446271.4%2024792 202428 2024118202434 20243742024445 202439202440202412.6%202413.6% 2024 20246302024331 202445202440 2024277268 66114 20241920243 202440202441 2715 202440202441 20242024202320242023 202463020243312023630 (1) 2021220246301142024331110 20246307772024331637 20246302024630 2024764072399773518500 2024138716410 2024674536848585 20246304518 8.0% 2024630 2024630 2024630 2024630 202463045202312310 5.1141827 202463024,564 9 (DION)2024630XVXV78352 (3)Reach BestVistra Trust (Singapore) Pte. LimitedReach Best416,484,638A10,984,883B (4)Ke YongVistra Trust (Singapore) Pte. LimitedKe Yong338,767,480A43,770,873B 202463016,246,756B (5)26,728,522B (b) 2024630XVXV78352 (DION)2024630XV23336 (1)L(2)20246304,337,886,464755,252,118A3,582,634,346B(3)Tencent Mobility LimitedMorespark LimitedParallel Nebula InvestmentLimitedTPP Follow-on I Holding F LimitedTHL A25 LimitedTHL A6 Limited700 2024630XV23336 20182617 7,020626,184,514363,146,799363,146,799B— 4.— (1) 2021118 20232023623 2023623 202111820231117.06A17.06B17.06C17.0717.07A17.09 20232023623 2023623 2023 202361620232023616202317 2023(a)2023(b)(c) 2023 202363,286,32420232024112023418,435,32821,675,50920246302023358,012,66521,675,509 A10B (a)Reach Best414,361,976A13,107,545B9.82%9.82%37.34% (b)Ke Yong338,767,480A43,770,873B8.79%8.79%30.83% ABAB753,129,456BB20.92% 8A.22AA (a)8A.17(1)(2)(3)(4)(b)8A.18AA(c)A8A.18(2)(d)AB 40 20112007820097Hewlett-Packard2009920112(Renren Inc.)RENN2011GIF 20077 41 2013112006122008102010120115(Google China)(Baidu, Inc.)BIDU9888 20057 4820173 2011(Tencent Holdings Limited)700(Tencent Investment)2008920105(Bertelsmann Asia Investment Fund) 201812(KE Holdings Inc.)BEKE242320159(Zhihu Inc.)ZH239020131220228(Howbuy Wealth Management Co., Ltd.)83441820176202111(Missfresh Limited)MF20201220233(Fenbi Ltd.)2469 1998720045 5120142 202004200720111(5Y Capital)(MorningsideVenture Capital)2016Neumann Advisory Hong Kong Limited9 1994719995 5920165 2006DCM(SINA Corporation)SINA 20136(China Online EducationGroup)COE20111(VipshopHoldings Limited)VIPS200912(TuniuCorporation)TOUR200611(GigaCloudTechnology lnc)GCT20225(QuantaSingGroup Ltd)QSG201812202311(YSB Inc.)9885 1988619936 452023520212 10200512(xiaonei.com)(xiaonei.com)200610(Renren Inc.)RENN20091(taofang.com)200862010102010(Meituan)3690201510202332023320236 20017 5820212 15(JD.com, Inc.)JD96182013920209 20227(Tuya Inc.)TUYA2391202011(Yatsen Holding Limited)YSG 2006720139200820102011201220048200632002820047Citigroup Global Markets Inc.1997120008199910 202110202291997220026 5020212 20142200642013920150006162007420139 20097 5320239 199742011 20218LI02015201913004132019320224688363201532021116012880128820178 199471997320041 C.2.1 C.2.120231029 20246302,634,468,412.0957,080,700B 2023122024751,692,700B202413122932843066731B51,692,700BAReach Best8A.212024131229328430667318,995,391AB8A.138A.157,274,500B 2024630 2020 20201231F-1F-2202020,956.5F-1F-2B 2020 46,964.4 2023822202363020232023630 20232023 2024630 2024630 3.213.10(2) 2024630 2024630 8A.30 8A.178A.148A.158A.188A.24 ESGESG 2023ESG (i)(ii)(iii) 202456202456 2024630 272024630 5710220246303434 2410 34 2024820 1 2014211POBox 309, Ugland House, Grand Cayman, KY1-1104, Cayman IslandsB 2024630 2 34 2023202312312023 3 202320231231 12 —1—16—1—77 20232.1.1(c)2023630 4 2023 5 5.1 20232024630 2024630183%2024630135 50202462024630250,000 5 5.2 (1) (2) (3) 2024630 ———— 5 5.2 20231231 (a) (b) 5 5.2 (c) 141